Park Avenue Securities LLC Sells 22,953 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Park Avenue Securities LLC lessened its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 51.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,746 shares of the specialty chemicals company's stock after selling 22,953 shares during the quarter. Park Avenue Securities LLC's holdings in Axalta Coating Systems were worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company's stock valued at $36,000 after buying an additional 338 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Axalta Coating Systems by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company's stock valued at $222,000 after acquiring an additional 530 shares during the period. M&T Bank Corp lifted its holdings in Axalta Coating Systems by 6.5% during the fourth quarter. M&T Bank Corp now owns 9,161 shares of the specialty chemicals company's stock valued at $311,000 after purchasing an additional 556 shares during the last quarter. CWM LLC boosted its position in Axalta Coating Systems by 23.2% during the fourth quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company's stock worth $104,000 after purchasing an additional 575 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Axalta Coating Systems by 1.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company's stock worth $1,908,000 after purchasing an additional 576 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company raised shares of Axalta Coating Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 11th. JPMorgan Chase & Co. increased their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Barclays boosted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Royal Bank of Canada increased their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Finally, UBS Group decreased their price target on shares of Axalta Coating Systems from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, July 9th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

View Our Latest Stock Analysis on Axalta Coating Systems

Axalta Coating Systems Price Performance

AXTA stock traded up $0.11 during mid-day trading on Friday, hitting $33.98. 1,650,299 shares of the stock were exchanged, compared to its average volume of 2,079,469. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.51. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 0.91 and a beta of 1.44. The business has a fifty day moving average price of $34.92 and a 200 day moving average price of $33.78. Axalta Coating Systems Ltd. has a 12 month low of $25.03 and a 12 month high of $37.49.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.06. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the business earned $0.35 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.05 EPS for the current year.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.

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